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Home / Metal News / Indian HRC Steel prices bounce back to above Rs 42,000/T level in September

Indian HRC Steel prices bounce back to above Rs 42,000/T level in September

iconOct 15, 2014 10:51
Source:SMM
Domestic Indian HRC steel prices climbed back above the Rs. 42,000 a ton mark in September despite an increase in cheaper-priced import material arriving from Asia.

INDIA October 14 2014 10:35 AMTweet 
MUMBAI (Scrap Register): Domestic Indian HRC steel prices climbed back above the Rs. 42,000 a ton mark in September despite an increase in cheaper-priced import material arriving from Asia.

According to TSI, HRC index (DDP Mumbai) rose as high as Rs. 42,922 a ton mid-month before settling to Rs. 42,729 a ton (0.8% 4-week change) in the final week.

However, the downward trend in Asian steel prices continued as TSI’s daily ASEAN HRC index collapsed by $38 a ton over the course of September.

 

Indian HRC steel prices

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